Calendar Forecast Indicators News. More Indicators. National Statistics World Bank. We have a plan for your needs. Standard users can export data in a easy to use web interface or using an excel add-in. API users can feed a custom application. White label accounts can distribute our data. JPMorgan Chase. Exxon Mobil. Goldman Sachs. Crude Oil. Natural gas. Heating Oil. A small, developing country, highly dependent on goods export, such as Vietnam, easily falls into this definition.
At the same time, the decision of the US to strike a conciliatory tone with Vietnam in recent bilateral talks may have been dictated by some geopolitical considerations.
Switzerland surely could not count on any geopolitical leverage if indeed the Treasury decided to address the SNB currency practices more aggressively. Indeed, CHF strength is coming at a time of relatively benign global conditions cross-market volatility remains near its post-crisis lows and we find it hard to argue that recent CHF gains have been driven by safe-haven flows. The wild card would be the SNB doing something on rates — e.
Cookies are small, simple text files stored in your computer, tablet or mobile phone when you visit a website or use an app. Some cookies are necessary, while others make the website more personal and relevant to you.
Learn more about how we use cookies in our cookie statement. We may share information about your use of our site with our social media, advertising and analytics partners.
You can decide which cookies to allow and can change your cookie settings at any time. Currencies trade in pairs, so they are strong or weak in relation to another currency. The European debt crisis caused investors to seek safe haven in the Swiss franc and loose monetary policy diminished the appeal of the US dollar.
The dramatic surge in the Swiss franc in was due primarily to one key event early in the year. On January 15, the Swiss National Bank unexpectedly removed the peg of 1. The central bank said this was necessary as the peg was no longer sustainable. The move caused a major upheaval in the markets, forcing some foreign exchange brokers out of business. The SNB peg was initially set in after the eurozone crisis caused investors to flock to the Swiss franc in search of a safe haven.
The franc is widely viewed as a financial refuge due to the stability of the Swiss government and financial system. The buying interest at the time caused the franc to soar and, in turn, hurt the Swiss economy by making exports less competitive. But several important factors in the economic landscape since may have contributed to the change in the SNB's policy.
Economic strength in the United States and expectations that the Federal Reserve could hike interest rates in caused the euro and the Swiss franc to weaken substantially against the U. The QE program from the ECB was expected to weaken the value of the euro, which may have required the SNB to print even more francs to maintain the cap.
The continued printing of francs led to some concern over hyperinflation among the Swiss populace and added pressure on the SNB to take action to remove the peg. One of the common misconceptions is that all European countries are part of the European Union EU and that they all use the euro as their official currency. But that isn't the case—especially when it comes to Switzerland.
In the year period between and , the nation's government a series of bilateral agreements with the union to allow people to move freely while remaining interdependent. Switzerland does rely on the union as a major trading partner.
According to the European Commission's website, the country's economic and trade relations with the union were negotiated to allow Switzerland access to the union's single market after the country's government agreed to accept some of the EU's legislation.
As such, Switzerland doesn't use the euro as its national currency. Since the franc is the national and only official currency, the euro is considered foreign money. You can still use the currency in the country, but change is given in Swiss francs at an exchange rate determined at the time the transaction is executed. The European Union is Switzerland's largest trading partner, while Switzerland is the union's fourth-largest trading partner after the U.
The Swiss currency is called the franc. It is the national currency of Switzerland. You can use euros in Switzerland. But since it is considered a foreign currency, your change is tendered in francs at a rate determined when the transaction is conducted. The Swiss franc is stronger than the U. As of the end of trading on Feb. The determination of what makes a good investment depends on the individual investor.
0コメント